McCullen: Payday loans help some bridge the gap

6:23 PM,
Apr. 16, 2014

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Payday loans help some people bridge the gap

Many residents face financial shortfalls every day - a child needs to see a doctor or a bill comes due before payday. For many with limited credit options, a payday loan is the most affordable option to get through these rough patches.

Payday loans provide small-dollar, short-term credit for unanticipated expenses. Many working families choose this service because it's simple and the costs and terms are fully disclosed. For a two-week loan, customers must show identification, a source of income and an active bank account. The loan ...